By Dave KranzlerThe XHB homebuilder ETF is decisively below three key moving averages after it knifed below its 50 dma last week. KB Homes reported a big earnings and revenue "beat" on Thursday after the market closed. The stock soared as much as 9% on Friday. Per the advice I gave my subscribers about shorting the inevitable price-spike in the stock, I shorted the stock Friday mid-day (Ju...Read More
By Frank HolmesStop buying Iranian oil or face the music.That's the message the U.S. government shared with the world last week, giving importers until November 4 to cut their consumption of Iran's crude to zero or expect sanctions. The threat comes a month after President Donald Trump withdrew the U.S. from the Obama-era nuclear deal.West Texas Intermediate (WTI) responded by adding more than $...Read More
Via GEFIRA,The new Italian government will increase public spending and public debt.It promised to reduce taxes, introduce basic security and reform pensions. Italy's Northern League's leader Mateo Salvini surged in the polls and the party is now the strongest in Italy.A couple of years ago it was inconceivable that this regional group could become Italy's leading political party. We should exp...Read More
Gold needs to trade over $1236 for the whole day to prevent a crash. Silver needs to trade over $15.60 to prevent a sell off. Copper needs to trade over $2.91 to prevent a sell off. Crude oil will zoom if it manages to break and trade over $75.20. Trading volumes in the USA session will reduce. Financial markets will not sleep. Volatility will remain on the higher side. Economics & Trump trade...Read More
Links and Slides: https://www.itmtrading.com/blog/qa-ly...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as in...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Danielle DiMartino Booth, former Dallas Fed advisor and Wall Street Journal columnist Veronica Dagher on why U.S. bank stocks are underperforming and the concerns surrounding President Trump's trade policies.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consul...Read More
For some, the music and the parties continued...while those in the know quietly made their way to the lifeboats. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious...Read More
In an age of more "prosperity" than the human species has ever experienced, why are so many of us feeling so empty?And what solutions exist out there to offer us more meaning, connection and purpose in our lives?Joining us this week is Charles Hugh Smith, who gives a detailed account of the root causes of what's ailing society, as well as the essential ingredients for repairing it.Full description...Read More
Canada has catalyzed the conversion of the Midas Letter from a mining centric to a broader multimedia digital platform that are now focused on video production. Recently they have focused on the hottest markets. Lately, that has been the cannabis industry. Canada has stolen the spotlight for this market, and they are working on a documentary about it. Midas Letter has launched a series of indexes...Read More
According to a report by Aljazeera news, Saudi Arabia is prepared to utilize its spare production capacity when necessary to deal with any future Continue...Read More
The Trump administration plans to do away with what some would consider to be racist affirmative action guidelines that encourage considering race Continue...Read More
A Voisey's Bay cobalt production agreement is finalized.Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) recently announced the completion of an acquisition of a cobalt stream from a subsidiary of Vale S.A. Under the agreement, Wheaton has the right to receive an amount of finished cobalt equal to a fixed percentage of cobalt production from the Voisey's Bay mine.Wheaton paid US $390 million to V...Read More
Analyst Andrew Mikitchook with BMO Capital Markets reported his findings from a recent site visit to the Yukon's likely next operating gold mine. Victoria Gold's Eagle Gold ProjectIn a June 26 research note, Andrew Mikitchook, a BMO Capital Markets analyst, indicated that Victoria Gold Corp. (VIT:TSX.V) continues construction at its Eagle gold project in the Yukon. "We are encouraged by construct...Read More
Rigs have started turning at the project in British Columbia's Golden Triangle. Golden Ridge Hank ProjectGolden Ridge Resources Ltd. (GLDN:TSX.V) has begun drilling at the Hank project located in the province's Golden Triangle.The company last week received authorization from the British Columbia Ministry of Energy, Mines and Petroleum Resources to drill. The agency allotted the company a maximu...Read More
Chart NotAvailableSymbol DataSymbolCurrencyASX:MATAUDDescriptionMatsa Resources are a gold focused junior near-term producerLogin or Subscribe to access Don's SummaryAlert me when stock is updatedQuick LinksLogin to accessGeneral DetailsFinancial07/03/2018LastAnalysisDataCurrent DataChangeItemValueValueUpdatedValueMkt. Cap (FD):$22.18M$22.18M07/03/2018$0.00MTotal Assets:$17.98M$17.98M07/03/2018$0....Read More
Gold and silver have been getting crushed recently along with emerging market stocks. Gold’s daily RSI (a contrarian indicator) is the most oversold its been since late-2016.RSI is a relatively useful short term indicator for gold. Golds tends to make a short term bounce when it gets as oversold as it is right now.Here’s what happens next to gold when its daily RSI falls below 23 for t...Read More
Jack Chan's updated charts for the precious metals markets include a look at how the Canadian dollar relates to gold and silver prices.Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term signals can l...Read More
In recentdays, oil bulls have accustomed us to fresh peaks. However, when we look moreclosely at the volume, their actions lose some of the glow. When we add the picture,which emerges from the relationship between crude oil and precious metals,doubts about the strength of the rally are getting even bigger. Is it possiblethat this interesting link tells us more about the future of black gold? Let&r...Read More
Silver is running out of time and space (onthe chart) to decide where it will go over the next months and years. Thesimilarity of conditions to the early 80s suggests that silver could go into a multi-yearbear market or continue its bull market: On the chart, I have marked two patterns1 to 5, to show how the current period is similar to the period circa 1983.If the comparison to the 1980s pattern...Read More